# PPP loan: GIC LLC
> **$161K** approved 04/08/2020 · Paid in Full · Loan `8690327010`
## Borrower
- **Name:** GIC LLC
- **Address:** 12575 US HIGHWAY 31 N, CHARLEVOIX, MI, 49720-1101
- **NAICS:** 334513
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $161K
- **Initial approval:** $161K
- **Forgiven:** $162K (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $138K
- **Rent:** $4K
- **Mortgage interest:** $8K
- **Utilities:** $6K
- **Health care:** $5K
- **Debt interest:** $900
- **Jobs reported:** 14
## Lender
- **Originating:** Charlevoix State Bank
- **Servicing:** Charlevoix State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*